OneDigital Investment Advisors LLC Acquires New Shares in Nuveen Municipal Income Fund, Inc. $NMI

Key Points

• OneDigital Investment Advisors acquired 187,628 shares of Nuveen Municipal Income Fund, valued at approximately $1.98 million, giving it a 1.55% stake.
• Other institutional investors also initiated positions, bringing total institutional ownership of NMI to 16.57%.
• NMI shares opened at $10.47, within a 52-week range of $9.62 to $11.28. The fund declared a monthly dividend of $0.038 per share, representing an annualized yield of approximately 4.4%.

OneDigital Investment Advisors LLC bought a new stake in shares of Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 187,628 shares of the company's stock, valued at approximately $1,983,000. OneDigital Investment Advisors LLC owned 1.55% of Nuveen Municipal Income Fund at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NMI. Steward Partners Investment Advisory LLC bought a new position in shares of Nuveen Municipal Income Fund in the fourth quarter worth $37,000. N.E.W. Advisory Services LLC bought a new stake in shares of Nuveen Municipal Income Fund during the 2nd quarter valued at $63,000. Raymond James Financial Inc. bought a new stake in shares of Nuveen Municipal Income Fund during the 2nd quarter valued at $72,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of Nuveen Municipal Income Fund during the 4th quarter valued at $116,000. Finally, Cetera Investment Advisers purchased a new stake in Nuveen Municipal Income Fund during the 2nd quarter worth about $118,000. Institutional investors own 16.57% of the company's stock.

Nuveen Municipal Income Fund Stock Performance

Shares of NYSE NMI opened at $10.47 on Monday. Nuveen Municipal Income Fund, Inc. has a 52 week low of $9.62 and a 52 week high of $11.28. The business has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $10.49.

Nuveen Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.038 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 4.4%.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund NYSE: NMI is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund's portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.

Want to see what other hedge funds are holding NMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Free Report).

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